The Andrews Company has just purchased $58,583,200 of plant and equipment that has an estimated useful life of 15 years. The expected salvage value at the end of 15 years is $5,858,320. What will the book value of this purchase (excluding all other plant and equipment) be after its third year of use? a. $42,179,904 b. $50,772,107 c. $46,866,560 d. $48,038,224
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